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Mar 20, 2013
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and if we even need a grand bargain at this point since the peak in 2009, deficit is coming down. there is a new report out from president's council of economic advisors saying if we are able to hold medicare to growth rate over the past five years, it has actually been doing well and would go a long way to closing the budget gap. what are you looking for? do we even need a grand barring on right now? >> can couple of things. number one, i think it would be better if we had a grand bargain but i'm skeptical we would have one. give we give away money, about $1.2 trillion. everyone knows the tax code is a mess. economically inefficient. stacked off in times against the middle class. so if we can clean up the tax code that would be beneficial. second, healthcare issue is a very serious one. medicare costs are coming down but there's a demographic that awaits us. 10,000 folks a day are going on to medicare and it is not just medicare issue. it is a healthcare spending issue in this country that's tough on businesses, tough on individual. so if we can do something to help slow that rat
and if we even need a grand bargain at this point since the peak in 2009, deficit is coming down. there is a new report out from president's council of economic advisors saying if we are able to hold medicare to growth rate over the past five years, it has actually been doing well and would go a long way to closing the budget gap. what are you looking for? do we even need a grand barring on right now? >> can couple of things. number one, i think it would be better if we had a grand...
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Mar 21, 2013
03/13
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crucible is $17 trillion in debt, 14 million people unemployed, 42 out of 50 states are facing a budget deficit. and to be honest there is very little leadership coming out of washington. so i think what i tried to do is raise these issues with civility, whether you're republican or democrat, we're all americans. and i think we deserve more. we deserve better. and washington really needs to help us create the kind of leadership and decision making by putting their feet in the shoes of every day americans. that's not what's going on. >> you recently were speaking at the national retail federation and you said that the lack of leadership in washington, i just want to quote you, because i thought it was beautifully said, is sapping the life blood, the soul and the confidence of our country as the world witnessed a lack of leadership in the united states. is that message ever going to get through? are we reaching a point where you say i grew up poor, i became wealthy, i was able to start a company and it's not going to be able to happen to people in the next generation? >> i think you're bringing u
crucible is $17 trillion in debt, 14 million people unemployed, 42 out of 50 states are facing a budget deficit. and to be honest there is very little leadership coming out of washington. so i think what i tried to do is raise these issues with civility, whether you're republican or democrat, we're all americans. and i think we deserve more. we deserve better. and washington really needs to help us create the kind of leadership and decision making by putting their feet in the shoes of every day...
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Mar 24, 2013
03/13
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paul krugman has the idea that deficits don't matter, not now. we spent some time understanding the thinking behind the theory. krugman is of course the nobel prize winning op-ed columnist for the "new york times." he is also princeton professor. thank you for doing this. so explain, first, specifically why you feel that right now really there is, as far as i can tell, almost no limit to what you would be willing to do in terms of stimulating the economy. >> right now is a time when not spending is extremely disruptive. if the government pulls back, it's destroying jobs and there's no way to offset that. ordinarily if a government spends less the federal reserve can cut interest rates, like we did at the end of the cold war, but we can't do that now because the interest rate fed controls are at zero. so we have no offset and conversely up to, if we increase spending right now it will create jobs and expand the economy. this is a really good time to be spending. won't always be like this. this is not the normal situation. normally we have an econo
paul krugman has the idea that deficits don't matter, not now. we spent some time understanding the thinking behind the theory. krugman is of course the nobel prize winning op-ed columnist for the "new york times." he is also princeton professor. thank you for doing this. so explain, first, specifically why you feel that right now really there is, as far as i can tell, almost no limit to what you would be willing to do in terms of stimulating the economy. >> right now is a time...
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Mar 21, 2013
03/13
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it will bring more revenue in than any year in the history and we'll have a trillion dollar deficit. spending is a problem. >> the senate passed a six-month budget measure yesterday that keeps most cuts in place. congress is now involved in the controversy over the washington redskins team name. a bipartisan bill which is introduced yesterday by ten lawmakers boo cancel the nfl team's trademark of the name redskins. this at the same time the federal court considers a petition by a group of knave americans to cancel the trademark. the redskins brand is not meant to offend, but apparently it does. >> i can't remember a time in my life where people haven't been discussing and debating team names like the redskins. but this is the first time i recall someone taking a business angle, talking about the trademark issue. >> it's offensive to a lot of people. think at some point they will have to change it. >> it's different than the fighting illini. this was a derogatory word in certain point in american history. it's a little bit different than -- iowa, illinois, states named after indian t
it will bring more revenue in than any year in the history and we'll have a trillion dollar deficit. spending is a problem. >> the senate passed a six-month budget measure yesterday that keeps most cuts in place. congress is now involved in the controversy over the washington redskins team name. a bipartisan bill which is introduced yesterday by ten lawmakers boo cancel the nfl team's trademark of the name redskins. this at the same time the federal court considers a petition by a group...
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Mar 26, 2013
03/13
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the deficit has always been a canard. when you're in office, you don't take that much notice of the deficit. it's not number one priority. when you're out of office, it's a way to hit the people who are in office. >> i think that's a good point, lee, it isn't lost on me and i don't think it's lost on many people that when people like paul ryan talk about cutting the deficit. they always want to do so by going after programs they're ideologically opposed to. programs for feeding seniors, feeding children, cutting the department of education. they don't want to cut the deficit, they want to do it to get rid of programs they don't like. >> it's killing two birds with one stone. jared makes a great point. the way things are supposed to work is when we come out of these recessions we're supposed to grow and everything is supposed to get better. that's not happening yet. not happening yet and we have at the same time the incredible income inch quality issue. whatever you think about the tax cuts, when you have a middle class th
the deficit has always been a canard. when you're in office, you don't take that much notice of the deficit. it's not number one priority. when you're out of office, it's a way to hit the people who are in office. >> i think that's a good point, lee, it isn't lost on me and i don't think it's lost on many people that when people like paul ryan talk about cutting the deficit. they always want to do so by going after programs they're ideologically opposed to. programs for feeding seniors,...
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Mar 22, 2013
03/13
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they are projecting a billion dollars deficit. it would save money the next take aid. when did you know that grandma was the one? when her sister dumped me. oh dad, you remember my friend alex? yeah. the one that had the work done... [ male announcer ] sometimes being too transparent can be a bad thing. this looks good! [ male announcer ] but not with the oscar mayer deli fresh clear pack. it's what you see is what you get food. i worked a patrol unit for 17 years in the city of baltimore. when i first started experiencing the pain, it's hard to describe because you have a numbness but yet you have the pain like thousands of needles sticking in your foot. it was progressively getting worse, and at that point, i knew i had to do something. when i went back to my health care professional, that's when she suggested the lyrica. once i started taking the lyrica, the pain started subsiding. [ male announcer ] it's known that diabetes damages nerves. lyrica is fda approved to treat diabetic nerve pain. lyrica is not for everyone. it may cause serious allergic reactions or sui
they are projecting a billion dollars deficit. it would save money the next take aid. when did you know that grandma was the one? when her sister dumped me. oh dad, you remember my friend alex? yeah. the one that had the work done... [ male announcer ] sometimes being too transparent can be a bad thing. this looks good! [ male announcer ] but not with the oscar mayer deli fresh clear pack. it's what you see is what you get food. i worked a patrol unit for 17 years in the city of baltimore. when...
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Mar 18, 2013
03/13
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then we address the long term budget deficit in a balanced way where we ask for shared responsibility as opposed to the republican plan which provides another tax break wind fall to very wealthy people at the end of everybody else. the expense of the middle class, the expense of commitments to seniors. so our focus right now is to number one, do no harm to the economy. number two, invest in a jobs plan that will help put people back to work. whether building roads or bridges or infrastructure or other things important to our economy. >> why will it take until 2040 to balance the budget under your plan? >> well, if you actually look at the past 40 years, we've only had four balanced budgets. those were during the clinton years and once leaning over to the bush years and then they squandered that balance. so the reason we do that is our focus is on jobs, craig. our focus is on meeting our commitments to seniors. we will not balance the budget on the backs of our kids' education or on the backs of our commitments to seniors. whether it is under medicare or medicaid. what we do is immedia
then we address the long term budget deficit in a balanced way where we ask for shared responsibility as opposed to the republican plan which provides another tax break wind fall to very wealthy people at the end of everybody else. the expense of the middle class, the expense of commitments to seniors. so our focus right now is to number one, do no harm to the economy. number two, invest in a jobs plan that will help put people back to work. whether building roads or bridges or infrastructure...
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Mar 23, 2013
03/13
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but i have to tell you, wolf, we can't keep running up deficits like this. it will damage the economy deeply. people say we don't have a crisis on the horizon, of course we do. we have a debt on a tear. if the debt takes off like it is projected to do so, it is not only hurting our economy today, it is destroying it for the next generation. we can't sit around and be complicit with that. the problem is we have to do something about that. >> one final question. senator rand paul was here yesterday in "the situation room," 24 hours ago. he said flatly he is going to iowa the next few weeks, seriously thinking of running for the republican presidential nomination in 2016. thinks it is a good idea for him. what about you? >> i am going to make my mind up later. the reason i need to do this job, i am chairman of the budget committee, we have a crisis on the horizon, we need agreements done, i don't think it is good for me or wisconsin district or my colleagues to cloud my judgment at this time with other things. i need to do what i think is right in this moment,
but i have to tell you, wolf, we can't keep running up deficits like this. it will damage the economy deeply. people say we don't have a crisis on the horizon, of course we do. we have a debt on a tear. if the debt takes off like it is projected to do so, it is not only hurting our economy today, it is destroying it for the next generation. we can't sit around and be complicit with that. the problem is we have to do something about that. >> one final question. senator rand paul was here...
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Mar 19, 2013
03/13
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the long-term budget deficit and the house is poised to take up congressman paul ryan's budget tomorrow. joining me right now republican congresswoman marsha blackburn of tennessee. i want to start by showing everybody the new poll numbers. both sides have taken a hit when it comes to the budget hit. 67% disapprove of the way the president has dealt with the budget. 79% disapprove of the republicans on this. people at home think it's just absolutely ridiculous. will those numbers push both sides to find a compromise before it's too late, before the numbers continue to go down any further? >> you. thomas, i think you're right. they do want to see a resolution to this and what they're wanting to see a resolution to first is the out of control spending. get this out of control spending under control. and that's what we hear from both sides of the aisle, from our constituents, regardless of whether they're democrat, independent, republican, libertarian, you name it. they say, washington spends too much. you don't have a revenue problem. you have a spending problem. get it all under control.
the long-term budget deficit and the house is poised to take up congressman paul ryan's budget tomorrow. joining me right now republican congresswoman marsha blackburn of tennessee. i want to start by showing everybody the new poll numbers. both sides have taken a hit when it comes to the budget hit. 67% disapprove of the way the president has dealt with the budget. 79% disapprove of the republicans on this. people at home think it's just absolutely ridiculous. will those numbers push both...
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Mar 20, 2013
03/13
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more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the end of the year but it is also true the white house put $1.5 trillion worth of spending cuts in their budget. the truth is you're both right. i mean, they have offered spending cuts. the taxes did go up. it still hasn't made enough of a dent. you still have to sit down and do something. >> right. i think we're doing our budget this year. actually we're doing it this week here in the house. our budget will balance in ten years. we're going to pass our budget. hopefully the senate will pass their budget. except their budget never comes to balance. the president's budget never comes to balance. you can't continue to spend money as far as the eye can see that you don't have. and that's what they're continuing to propose, along with higher taxes on the american people. >> but the political reality is, no budget deal can probably happen, not one that will
more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the end of the year but it is also true the white house put $1.5 trillion worth of spending cuts in their budget. the truth is you're both right. i mean, they have offered spending cuts. the taxes did go up. it still hasn't made enough of a dent....
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Mar 19, 2013
03/13
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but once again, not surprising, the parties split over taxes, spending cuts, and the deficit. house republicans and democrats from the house are now trying to make their case. >> the republican budget, the same baby with a new dip somewhere there is diaper will have be changed once again. reality is, this budget is very little difference between this budget and the ryan republican budgets of the past. >> you want more tax and spend or you want a future that balances. the question is always why, one or the other. the democrats' tax and spend, you get the same economy that you've had right now. you're going to lose more of your paycheck which every person working today has. >> all right. so another thing happening at the white house here. the easter egg roll might be spared from this government gridlock. all this started when ticket holders to the annual event were told it could be cancelled if lawmakers cannot agree on a plan to prevent the government from shutting down. this year's easter egg roll set for april 1st. looks like it's going forward as planned. we know it's a fun
but once again, not surprising, the parties split over taxes, spending cuts, and the deficit. house republicans and democrats from the house are now trying to make their case. >> the republican budget, the same baby with a new dip somewhere there is diaper will have be changed once again. reality is, this budget is very little difference between this budget and the ryan republican budgets of the past. >> you want more tax and spend or you want a future that balances. the question is...
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Mar 25, 2013
03/13
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immigration, the deficit, the long term budget plan and they haven't cleaned up their room. while the president is pushing ahead with his second term priorities today, he hosted a 28 brand new american citizens at the white house including 13 service members. >> after avoiding the problem for years, the time has come to fix it once and for all. the time has come for a comprehensive, sensible immigration reform. we are making progress but we've got to finish the job. we've just got at this point to work up the political courage to do what is required to be done. so i expect a bill to be put forward. i speck the debate to begin next month. i want to sign that bill into law as soon as possible. >> what if anything can get done while congress is away? politico's marty kay, can the president make the most of these two weeks? can he do things while congress is away? >> he can probably be very effective while congress is away of they're scattered around the country and the world. he can use this time to talk about immigration, a little about gun control if he wants to. what we hear
immigration, the deficit, the long term budget plan and they haven't cleaned up their room. while the president is pushing ahead with his second term priorities today, he hosted a 28 brand new american citizens at the white house including 13 service members. >> after avoiding the problem for years, the time has come to fix it once and for all. the time has come for a comprehensive, sensible immigration reform. we are making progress but we've got to finish the job. we've just got at this...
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Mar 25, 2013
03/13
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their long-term debt of more than 14 bill, $327 billion deficit. they don't want to get to where stock toeupbs righ stockton is right now so they are under this emergency pherg, state control. a lot of people have scheduled a protest today, are being called for to protest this move. what exactly wha will he be responsible for? >> slicing and dicing. cutting salaries of city employees. detroit already has a high crime rate. you don't want what happened to stockton, just like matt said they have per capita more murders in the city of chicago. how is that possible, little stockton? if you look at the map in california everybody was moving out in san francisco, properties were too high there, same with palo at torques silicon valley, they moved to stockton. what could happen in detroit unless they start cutting more. if detroit has to file for chapter 9 bankruptcy municipal that would make headlines around the world and kind prus would be booted off the front page. >> that's what they are trying to do and -- >> the mayor and the city council loose all
their long-term debt of more than 14 bill, $327 billion deficit. they don't want to get to where stock toeupbs righ stockton is right now so they are under this emergency pherg, state control. a lot of people have scheduled a protest today, are being called for to protest this move. what exactly wha will he be responsible for? >> slicing and dicing. cutting salaries of city employees. detroit already has a high crime rate. you don't want what happened to stockton, just like matt said they...
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Mar 21, 2013
03/13
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of deficit. that's the trade balance figures for february for japan. let's have a look at the opening levels for the nikkei and the topix. let me just remind viewers that before we broke off the nikkei went through a pretty volatile twodays due to uncertainties over the bailout plan and it gained 247 points on tuesday as the yen resumed its weakening friend against the euro and the dollar. it's up again today. we pretty much wiped out the losses from monday. we're in the positive so far. >> what can you tell us about currency levels? where do we stand this morning? >> the yen resumes its weakening trend and the euro a big focus are now at the lower 4 y levels. 124.14 to 17. this banking issue overshadows. it's rebounded. traders really taking a bet it will have less of an impact than originally thought earlier this week. i'm talking about monday. investors will be looking to see european pmi data. let's bring up the dollar/yen. that's trading right at the upper 95 yen levels. fed meeting wpped up
of deficit. that's the trade balance figures for february for japan. let's have a look at the opening levels for the nikkei and the topix. let me just remind viewers that before we broke off the nikkei went through a pretty volatile twodays due to uncertainties over the bailout plan and it gained 247 points on tuesday as the yen resumed its weakening friend against the euro and the dollar. it's up again today. we pretty much wiped out the losses from monday. we're in the positive so far....
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Mar 18, 2013
03/13
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santa rosa is nearly 6.5" in deficit. 5" in deficit in san francisco and more than 3" in deficit in san jose. today we are starting off cool with clear conditions, 30's to mid-40's. the clouds will increase through the afternoon. a mild day with democrats in -- with temperatures in the upper 50's at 4:00, and mid-50's at the coast and upper 50's to low 60's. tomorrow the clouds will be getting thicker and drop rain in the evening. the best chance of rain is tuesday night into wednesday morning with lingering showers wednesday afternoon and the day on thursday looks brighter. >> golden gate bridge is free with no road work. it is a nice drive. from the tunnel into san francisco, it is nice. you will not be able to pay cash after the 27th to get across the golden gate bridge. we have a solo spin out in central lafayette westbound 24 to the right shoulder. checking the drive from the central valley right now, it is looking good with a lot of green. that is what we like to see coming up and over the pass into livermore. >> it was a plot right out of the movies the daring prison break involv
santa rosa is nearly 6.5" in deficit. 5" in deficit in san francisco and more than 3" in deficit in san jose. today we are starting off cool with clear conditions, 30's to mid-40's. the clouds will increase through the afternoon. a mild day with democrats in -- with temperatures in the upper 50's at 4:00, and mid-50's at the coast and upper 50's to low 60's. tomorrow the clouds will be getting thicker and drop rain in the evening. the best chance of rain is tuesday night into...
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Mar 23, 2013
03/13
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because the bases shall -- of both parties are opposed to the essential elements, entitlement reform and deficit reduction. >> but the difference between this grand bargine and the one two summers ago would be that you're in a world where the deficit might naturally be declining as well the would that make any difference? >> the problem is i don't think you can -- you still have to have revenue for this to be acceptable. ches -- i think it's clear that there won't be increased rates. that's not going to happen. so can this happen? can they tackle tax reform? >> you are also saying medicare costs are beginning to level off. they don't know why, but it's happening. for the first time in years, the democratic senate is actually considering a budget and that means there is possibly a good chance there is going to be a conference committee between the republican house and the democratic senate on the budget that could provide another opening of a bit of a window to again put some of the bigger ideas on the table the gwen: it's also possible that the sequestration, the word i hate to use, but the acro
because the bases shall -- of both parties are opposed to the essential elements, entitlement reform and deficit reduction. >> but the difference between this grand bargine and the one two summers ago would be that you're in a world where the deficit might naturally be declining as well the would that make any difference? >> the problem is i don't think you can -- you still have to have revenue for this to be acceptable. ches -- i think it's clear that there won't be increased...
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Mar 21, 2013
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on top of that, how do you do it if you already have a billion dollar budget deficit? >> right. it's a big issue. a side story that i've been covering is the death of this 6-month-old girl on chicago's south side. yeah, security, safety, is a big issue and parents are concerned if they have to put their child on a city bus. >> i don't know what neighborhood my child is going to. i don't know about that neighborhood. i know about my neighborhood. >> 5:30 eastern time we should see a press conference there in chicago. we are anticipating, expecting, to see that list. >> this is a done deal, 50 schools, right? >> this is the recommendation by the school ceo. they will vote on it in the next few weeks, but this is the first recommendation and a lot of people are hot and angry about it. >> 70 schools affected when you look at staff from other schools. 70 schools total possible affected by this. thank you very much. appreciate that. >>> put your ipod down for just one second and focus on the time when you listened to your favorite music on records. remember that? some of you don't. ad
on top of that, how do you do it if you already have a billion dollar budget deficit? >> right. it's a big issue. a side story that i've been covering is the death of this 6-month-old girl on chicago's south side. yeah, security, safety, is a big issue and parents are concerned if they have to put their child on a city bus. >> i don't know what neighborhood my child is going to. i don't know about that neighborhood. i know about my neighborhood. >> 5:30 eastern time we should...
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Mar 21, 2013
03/13
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and to created big deficits. and then the onslaught of the great recession in 2008 pushed our deficits even higher. and today, today only one-eighth of the revenues lost by the bush tax cuts have been restored. one-eighth. one-eighth. yet many of the republicans keep repeating their mantra that we only have a spending problem, only a spending problem, not a revenue problem. this is demonstrably not the case. now, we go back in time when i was here when president reagan pushed through some tax cuts when he came in as president, but i would say to his credit, he realized they went too far so he reversed course and supported two income tax increases. well, in looking back just 12 years ago, president george w. bush's tax cuts also went too far. again, contributing to the largest deficit in our history. well, you'd think that we would want to reverse course, but republicans have dogmatically refused to reverse course on these -- on increasing revenues. they stick to their ideological man travment they say, don't touc
and to created big deficits. and then the onslaught of the great recession in 2008 pushed our deficits even higher. and today, today only one-eighth of the revenues lost by the bush tax cuts have been restored. one-eighth. one-eighth. yet many of the republicans keep repeating their mantra that we only have a spending problem, only a spending problem, not a revenue problem. this is demonstrably not the case. now, we go back in time when i was here when president reagan pushed through some tax...
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Mar 18, 2013
03/13
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the president said deficits don't matter. all these deficits add up. we're at $16.6 trillion. more than 100% of our gdp. the problem is i disagree with what the democrats are doing. it's the old washington fiscal game of jenga. you try to build as much debt as you can take, as much taxes you can take until you topple the entire economy. this is the challenge that this week will have. this week republicans will have a budget that balances in ten years. the democrats' budget never balances. no household can run that way. >> let me challenge you on this point because here is paul ryan this week, and he laid out very clearly what he thought the job was. let me play that. >> we think we owe the country a balanced budget. we think we owe the country solutions to big problems that are plaguing our nation -- a debt crisis on the horizon, a slow-growing economy, people trapped in poverty. we're showing our answers. >> right, but the answers rely on $700 billion in savings from interest. most of the deficit reduction comes from repealing the president's health care reform, which nobody
the president said deficits don't matter. all these deficits add up. we're at $16.6 trillion. more than 100% of our gdp. the problem is i disagree with what the democrats are doing. it's the old washington fiscal game of jenga. you try to build as much debt as you can take, as much taxes you can take until you topple the entire economy. this is the challenge that this week will have. this week republicans will have a budget that balances in ten years. the democrats' budget never balances. no...
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Mar 22, 2013
03/13
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can we have a safety net that survives and still reduce the deficit? paul ryan says no. >> at least budgets are passing around here for a change. the government's going to have to learn to do more with less, it's not the government's money, it's the people's money. >> the senate democrats are considering a number of balances ever-- >> and house committee chair paul ryan telling us republicans and democrats are still world's apart. well, that is an understatement. we saw that just an hour ago. the democratic-led senate defeating the ryan house budget 40-59. so is there any hope left? here is congressman paul ryan. >> great to see you. >> great it to see you again. >> greta: i want to talk about the budget that passed today, i imagine you're happy. >> we're very happy. we passed a balanced budget and it's important we owe the country a reasonable plan and grows the economy. balancing the budget is not just a statistical exercise it's the necessary means to a healthier economy, it creates more jobs and helps people keep more of hard earned money and a con
can we have a safety net that survives and still reduce the deficit? paul ryan says no. >> at least budgets are passing around here for a change. the government's going to have to learn to do more with less, it's not the government's money, it's the people's money. >> the senate democrats are considering a number of balances ever-- >> and house committee chair paul ryan telling us republicans and democrats are still world's apart. well, that is an understatement. we saw that...
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Mar 18, 2013
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make sure we have deficit reduction but don't cut too much too fast. take for scamel the sequestration. 700,000 american jobs will be lost. h is not the right time to do it. we have to phase this in and sequence it so we have economic growth and americans paying taxes. that really helps us recover. >> chris: senator corker, democrats and you just heard this sort of from dirk durbin but i heard it in more extreme forms from other democrats say it is more important to have economic growth than to deal with the national debt. your response? >> i think we should have economic growth and obviously we would like to see that happen and i think reducing the deficit helps cre create econoc growth. look, i think it is ridiculous to say that cutting $1.2 trillion over the next decade when we will spend $47 trillion of your money is a step too far. of course, we need to do that. and on top of that we need to build towards the entitlement reforms which obviously are creating the huge dent down the road. i think it was disappointing to all of us to have the presiden
make sure we have deficit reduction but don't cut too much too fast. take for scamel the sequestration. 700,000 american jobs will be lost. h is not the right time to do it. we have to phase this in and sequence it so we have economic growth and americans paying taxes. that really helps us recover. >> chris: senator corker, democrats and you just heard this sort of from dirk durbin but i heard it in more extreme forms from other democrats say it is more important to have economic growth...
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Mar 23, 2013
03/13
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it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going to remain >>> i predict that president abi of japan trying to revitalize his economy by loosening its grip on inflation will overshoot. he will go into debt, it will go into debt
it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going...
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Mar 24, 2013
03/13
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KQED
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it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going to remain >>> i predict that president abi of japan trying to revitalize his economy by loosening its grip on inflation will overshoot. he will go into debt, it will go into debt >>> two closely watched u.s. supreme court cases are around the corner. for advocates and opponents for same-sex marriage. we will look at the issue as then mayor gavin newsom issued marriage licenses. we get an update from washington, d.c. for the preparations for the up coming hearings. >> they will be mindful of the limited role as judges to interpret existing law. >> plus, legal analysis on how the issues might be viewed on the highest court in the land. stay tuned for the
it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going...
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Mar 20, 2013
03/13
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our focus is on jobs and the jobs deficit as a way to tackle the budget deficit. with that, i'm pleased to yield three minutes to my colleague and friend from maryland, the distinguished whip, mr. hoyer. the chair: the gentleman is recognized for three minutes. without objection, so ordered. mr. hoyer: i first want to thank the ranking member for the work that he's done on this budget. that he offers us an alternative. it is a reasonable alternative that can be implemented. to that extent it's a stark difference to the majority's proposal which will not be implemented and they know it. let me start with an observation. headline blunt report says g.o.p. needs to regroup for 2016. in that there is this sentence from the report, not from a democrat, not from the newspaper, not from an editorial writer, quote, we have become expert, we being the republican party report, we have become expert in how to provide ideological reinforcement to like-minded people. with all due respect to my friend, mr. ryan, that's what his budget is. it is a vision. it is a vision that will
our focus is on jobs and the jobs deficit as a way to tackle the budget deficit. with that, i'm pleased to yield three minutes to my colleague and friend from maryland, the distinguished whip, mr. hoyer. the chair: the gentleman is recognized for three minutes. without objection, so ordered. mr. hoyer: i first want to thank the ranking member for the work that he's done on this budget. that he offers us an alternative. it is a reasonable alternative that can be implemented. to that extent it's...
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Mar 23, 2013
03/13
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detroit is like a lot of cities struggling with budget deficits and closing schools like the one behind me. proposed shut-downs in chicago are more and bigger than any city has ever attempted all at one time. outrage intensified as word spread. 54 public schools in chicago are slated to close at the end of this school year. >> my child has been here since he's been going to school. >> it's so sad to think that they are all going to be separated. >> reporter: the city is working to address a $1 billion deficit and says the closures could save $560 million over ten years. before it can save it has to spend. $223 million to reconfigure the schools absorbing new students. >> this policy is racist, classist and we have to continue to say that our mayor who is away on a ski trip drops this information right before spring break. this is cowardly. it's the ultimate bullying job. mayor rahm emanuel should be ashamed of himself. >> reporter: mayor emanuel defends the closing claiming too much money has been spent on underutilized schools with empty classrooms saying, the city should focus on safe
detroit is like a lot of cities struggling with budget deficits and closing schools like the one behind me. proposed shut-downs in chicago are more and bigger than any city has ever attempted all at one time. outrage intensified as word spread. 54 public schools in chicago are slated to close at the end of this school year. >> my child has been here since he's been going to school. >> it's so sad to think that they are all going to be separated. >> reporter: the city is...
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Mar 24, 2013
03/13
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deficit supposedly help the economy. before i get into this, we both taught at the university of chicago law school. the first time i met him i introduced myself and say you are the kind of guy. as idiotic as silk. and i had no he would help me out with the city of chicago since i'd heard that. they said maybe we can get together for lunch sometime. but he kind of wrinkled his face, turned his back to me and walked away and that was the end of our first conversation. i have to say rinne two and 20 other times and it's pretty much the way all our conversations went. it is not thinking i would be getting christmas cards or anything else from him. i was not as a retired part of it is that got the strong impression when i would run into him that he viewed me as evil because of the gun issue. he had very strong opinions on the. [inaudible] [laughter] i'd found something on the gun issue he disagreed very strongly about and he viewed me as evil, not just wrote. in academia, is easy to disagree with people they are. we enjoyed
deficit supposedly help the economy. before i get into this, we both taught at the university of chicago law school. the first time i met him i introduced myself and say you are the kind of guy. as idiotic as silk. and i had no he would help me out with the city of chicago since i'd heard that. they said maybe we can get together for lunch sometime. but he kind of wrinkled his face, turned his back to me and walked away and that was the end of our first conversation. i have to say rinne two and...
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Mar 23, 2013
03/13
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we shouldn't run a deficit at least one that is as large now. i think it's precarious and for the senators, democratic senators running for reelection in red states. that is why you saw four democratic senators they are all representing states that barack obama lost. >> gregg: speaking of debt and deficits, president obama said recently the debt is not an immediate problem, but by huge margins, americans disagree. 68% of them disagree with the president on that. they also think he is wrong with b something else. spending. this is a fox news poll. they think his top priority should be cutting spending to reduce the deficit, not spend more, taxpayer dollars to create jobs. is that why president obama seemed to have dropped the campaign for spending realize he is pushing his job ratings down and in the process driving away potential voters? >> i think there has been a sense over the last month or so, as you point out poll numbers have gone down. white house is not going to make a big campaigns go across the country asking for tax increases but that
we shouldn't run a deficit at least one that is as large now. i think it's precarious and for the senators, democratic senators running for reelection in red states. that is why you saw four democratic senators they are all representing states that barack obama lost. >> gregg: speaking of debt and deficits, president obama said recently the debt is not an immediate problem, but by huge margins, americans disagree. 68% of them disagree with the president on that. they also think he is...
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the deficit to three one but i'm cora completed the road lead on constantin my senior scoring from this board while maksim can only go from eighty five in stoppage to. constantine but the r.t. . and i we can have a look at the best of the rest from the past week from around the globe and the same bolds has been picking up yet more accolades to add to his ever growing trophy cabinets. on monday hollywood actor morgan freeman host of a ceremony in rio spring on bolt on his first loris award in five years six time and then pick champion couldn't attend the gala britain's heptathlon champion at the london games jessica ennis was on hand to pick up her prize while the most decorated olympian ever michael phelps was handed a one off award for his exceptional achievements in the swimming bowl the american voters eighteen golds. on choose the n.b.a. star dwight howard worked his magic with his new club the los angeles lakers becoming a hostile. well come on now it's returned to face former team orlando the center top scoring with a season high of thirty nine points sixteen rebounds and repeatin
the deficit to three one but i'm cora completed the road lead on constantin my senior scoring from this board while maksim can only go from eighty five in stoppage to. constantine but the r.t. . and i we can have a look at the best of the rest from the past week from around the globe and the same bolds has been picking up yet more accolades to add to his ever growing trophy cabinets. on monday hollywood actor morgan freeman host of a ceremony in rio spring on bolt on his first loris award in...
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Mar 22, 2013
03/13
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our deficit isn't up to that. >> shepard: what do you make of the parity this year? last year there were a few teams. this year i don't have a clue. >> that's the thing. that's why it's so interesting this year. last year there was a rabbit, kentucky in years past, duke, north carolina. this year there's no one to chase. gonzaga had the toughest time of any number one seed in 16 years last night when they just won by six points. it's really, really tough. every team that has ascended to number one has fallen off, gotten knocked off. so it's really just a wide-open thing here this year, and really 20 teams have a legitimate chance of this. >> shepard: 20. incredible. i wonder what your sense is for what makes a difference. i always thought an older, experienced back court that handles the ball well is what you need in the tournament. but there's more to it than that, of course. >> it's changed so much. used to be these guys would stick together four years. now it's one and done, so it's usually the best player who has the best chance. the problem here this year is the
our deficit isn't up to that. >> shepard: what do you make of the parity this year? last year there were a few teams. this year i don't have a clue. >> that's the thing. that's why it's so interesting this year. last year there was a rabbit, kentucky in years past, duke, north carolina. this year there's no one to chase. gonzaga had the toughest time of any number one seed in 16 years last night when they just won by six points. it's really, really tough. every team that has...
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Mar 22, 2013
03/13
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CSPAN
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creating huge deficits. republicans deny care about deficit at all -- do not care about deficits at all. what they do care about is cutting government. to quote grover norquist, it can b t in a bath tu [indiscernible] they call it something else but it would destroy both programs. their goal is to destroy government. corporations paid on average 40% of profits for taxes. arey large corporations 12ing about fall% -- about %. they ryan budget would lower that further. millionaires with a $200,000 tax cut -- would get a 200,000 todollar tax curt. t. host: a tweet -- is true.at if you looked at the budget, we have not had in the great increase in spending since obama took office except the that the food stamps and unemployment insurance. except in food stamps and unemployment insurance. programs we have enacted that are designed to increase during recessions like unemployment andrance and food stamps some money comes into the economy so the recession does not turn into a depression. the large deficits occur beca
creating huge deficits. republicans deny care about deficit at all -- do not care about deficits at all. what they do care about is cutting government. to quote grover norquist, it can b t in a bath tu [indiscernible] they call it something else but it would destroy both programs. their goal is to destroy government. corporations paid on average 40% of profits for taxes. arey large corporations 12ing about fall% -- about %. they ryan budget would lower that further. millionaires with a $200,000...
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Mar 20, 2013
03/13
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the republican party is outraged over the deficits, although george w. bush never balanced a budget in eight years but of course these were freedom deficits. of a the credit card with no limit presidency of mr. bush, the credit card bill has arrived in your mailbox. it's called austerity. last decade, we had two wars off the books while cutting taxes for the wealthy. there are ways to fix our deficit, but don't hurt the poor and middle class a carbon tax creating capital gains and income. apparently we don't really hate
the republican party is outraged over the deficits, although george w. bush never balanced a budget in eight years but of course these were freedom deficits. of a the credit card with no limit presidency of mr. bush, the credit card bill has arrived in your mailbox. it's called austerity. last decade, we had two wars off the books while cutting taxes for the wealthy. there are ways to fix our deficit, but don't hurt the poor and middle class a carbon tax creating capital gains and income....
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Mar 23, 2013
03/13
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school officials say they face a projected $1 billion deficit next year so they say the move would now save $560 million over the next decade. but the chicago teachers union president doesn't believe those figures. >> the actual amount of money this will cost, especially if it's done correctly, which god forbid they have never done anything correctly before in terms of school closings, this will cost almost $1 billion itself. so i don't believe any of this. rahm emanuel doesn't know the truth if it would slap him on the face. >> from chicago to detroit now, another city in financial crisis as sequestration enters its third week. michigan's head start program could be next on the shopping block. nbc's chief education correspondent rehema ellis is joining me this afternoon from detroit and rehema, with a long distance hello to you, my friend, for many students in detroit there are problems with this education system which are now magnified by the statewide economic troubles. you kn i know you were talking about this issue with the governor. >> we were, and we're going to talk about it al
school officials say they face a projected $1 billion deficit next year so they say the move would now save $560 million over the next decade. but the chicago teachers union president doesn't believe those figures. >> the actual amount of money this will cost, especially if it's done correctly, which god forbid they have never done anything correctly before in terms of school closings, this will cost almost $1 billion itself. so i don't believe any of this. rahm emanuel doesn't know the...
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Mar 21, 2013
03/13
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this year, the democrat deficit would be 164 billion dollars bigger than the republican deficit. and next year, 308 billion dollars, just to give you a sense of it, by 2015 the republican deficit would be down to 125 billion and the democrat deficit 433 billion. there's a big indication of the difference between the parties when you look at the budgets of the budget blueprints of the republicans in the house and the democrats in senate and republicans want to restrain spending and democrats want to continue to blow up the budget and eventually, over the decade add 1 trillion dollars of new taxes. >> sean: yeah, so 1 trillion in new taxes over ten years, a trillion dollars, this is like they know no other way, all right? that's point one, but yet, they still will give us almost trillion dollar deficits as far as the eye can see throughout the entire ten-year period. here is the big issue though, i want to see obamacare repealed, but it's not going to happen through paul ryan's budget plan. the republicans, if they want that to happen, to get ryan's plan through, they're going to h
this year, the democrat deficit would be 164 billion dollars bigger than the republican deficit. and next year, 308 billion dollars, just to give you a sense of it, by 2015 the republican deficit would be down to 125 billion and the democrat deficit 433 billion. there's a big indication of the difference between the parties when you look at the budgets of the budget blueprints of the republicans in the house and the democrats in senate and republicans want to restrain spending and democrats...
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control of the side from body cuffed us were given a glimmer of hope as all the running it got the deficit to three one but on car completed the road laid on constantin my serious boring from the sport while mixing can only go from eighty five in stoppage to have. been sent in by the r t. and i we can have a look at the best of the rest from the past week from around the globe and the same bolts has been picking up yet more accolades to add to his ever growing trophy cabinets. the hollywood actor morgan freeman host of the ceremony in rio and bolt on his first lori's award in five years six time a live picture been couldn't attend the garner britain's top one champion at the london games jessica ennis was on hand to pick up her prize well the most decorated olympian ever michael phelps was handed of one of award his exceptional achievements in the swimming pool the american voters eighteen golds. on tuesday n.b.a. star dwight howard worked his magic with his new club the los angeles lakers becoming a all star welcome on how it's returned to face former team orlando the center top scoring w
control of the side from body cuffed us were given a glimmer of hope as all the running it got the deficit to three one but on car completed the road laid on constantin my serious boring from the sport while mixing can only go from eighty five in stoppage to have. been sent in by the r t. and i we can have a look at the best of the rest from the past week from around the globe and the same bolts has been picking up yet more accolades to add to his ever growing trophy cabinets. the hollywood...
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Mar 22, 2013
03/13
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of course is the press release deficit, it always changes later on. the actual amount of money this will cost, especially, if it's done correctly, which god forbid they've never done anything correctly before in terms of school closings. this will cost almost a billion dollars itself. so i don't believe any of this. rahm emanuel doesn't know the truth if it would slap him in the face. this is a military style campaign. school closings are based on closing military bases. it's also based on information coming from an unaccredited superintendent organization. but let me just say this -- in th they. >> they say these are poorly performing schools. they're not going to have to travel more than a mile to reach their new school. and any one traveling over an extra.8 of a mile will be bussed. so they're trying to -- >> you're also spending more money. and, again, they started out this conversation when they said they had to close schools by underutilization. they said we're not looking at performance this year. so what they do is constantly change the narrat
of course is the press release deficit, it always changes later on. the actual amount of money this will cost, especially, if it's done correctly, which god forbid they've never done anything correctly before in terms of school closings. this will cost almost a billion dollars itself. so i don't believe any of this. rahm emanuel doesn't know the truth if it would slap him in the face. this is a military style campaign. school closings are based on closing military bases. it's also based on...
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Mar 20, 2013
03/13
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number two, even if you close the deficit. this is my major concern, you're stabilizing the debt at levels we have never lived. so you are basically saying, hey, i'm happy playing russian roulette with the economy for the next 20 years, i think that's a disservice, and i think we have to be more aggressive in debt reduction for that year. >>> i think it's a brought indictment for anyone who pushes back as being somehow -- with their head buried in the sand and incapable of understanding that we do perhaps have to do something in terms of reforming the social safety net. whether that's means testing or increasing the capacity, being the limit -- i don't questions your commitment or compassion. i question your willingness to run for office to do this. >> there is no way i'm running for office. in ways i can't detail on this program. we will have you back and i had bring my calculator and disprove all your hard right-wing theorems. it's gra the to have you on the program. >>> you say pathway, rand paul says probation, at least he
number two, even if you close the deficit. this is my major concern, you're stabilizing the debt at levels we have never lived. so you are basically saying, hey, i'm happy playing russian roulette with the economy for the next 20 years, i think that's a disservice, and i think we have to be more aggressive in debt reduction for that year. >>> i think it's a brought indictment for anyone who pushes back as being somehow -- with their head buried in the sand and incapable of...
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Mar 23, 2013
03/13
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the government would still be in a deficit after ten years. senator patty murray argues the plan creates jobs and economic growth but, of course, during the process, patience did run thin. >> madam president, madam president, madam president. >> senate will come to order. >> madam president, the senate is not in order. i flow's a lot of march madness going on. we would like to keep it calm on the floor so that senators can be heard. >> reporter: the white house recently passed -- excuse me, the house recently passed the ryan budget plan which includes a $4.6 trillion deficit reduction over the next decade. these budget plans are resolutions are not bills. this week, congress did pass a continuing resolution bill which actually funds the government for the next six months. we did hear from white house press secretary jay carney, responding to today's news in a statement and reading, in part, "like the president's plan, the senate budget cuts wasteful spending, makes tough choices to strengthen entitlements and eliminates special tax breaks and
the government would still be in a deficit after ten years. senator patty murray argues the plan creates jobs and economic growth but, of course, during the process, patience did run thin. >> madam president, madam president, madam president. >> senate will come to order. >> madam president, the senate is not in order. i flow's a lot of march madness going on. we would like to keep it calm on the floor so that senators can be heard. >> reporter: the white house recently...
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Mar 21, 2013
03/13
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what we need over the long term is a sustain away budget deficit. you need the dragon to be an appropriate size relative to gdp. maybe it should stabilize around 40%, 50%, but that allows us over a very long time to shrink budget deficits, and we don't need to focus on doing it over a five to ten-years window. >>> the book is "mr. penny and the dragon of domeville." thank you both. much more ahead. like when i fell asleep at movie night with all my co-workers and i totally dream-snorted myself awake. i actually popped my head back so fast, i'm pretty sure i have whiplash. oh my go... [ female announcer ] stress sweat can happen to anyone, anytime, and it smells worse than ordinary sweat. get 4x the protection against stress sweat. introducing new secret clinical strength stress response scent. ♪ introducing new secret clinical strength stress response scent. vo: to the elegant trim es in each and every piece, bold will make your reality a dream. i took something for my sinuses, but i still have this cough. [ male announcer ] a lot of sinus product
what we need over the long term is a sustain away budget deficit. you need the dragon to be an appropriate size relative to gdp. maybe it should stabilize around 40%, 50%, but that allows us over a very long time to shrink budget deficits, and we don't need to focus on doing it over a five to ten-years window. >>> the book is "mr. penny and the dragon of domeville." thank you both. much more ahead. like when i fell asleep at movie night with all my co-workers and i totally...
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Mar 25, 2013
03/13
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. >> our budget plan reduces the deficit without raising taxes. >> the republican plan is the same baby with a new diaper. >> we know that until recently president obama and israeli prime minister netanyahu enjoyed what can be politely described as a somewhat strained relationship. on april 7 of last year, the "new york times" reported benjamin netanyahu and mitt romney enjoyed a warm relationship. almost one year later, the israelis have given obama a medal. they appear to be on the same page on iran. >> diplomacy and sanctions have not stopped iran's nuclear programs. diplomacy and sanctions must be augmented by a clear and credible threat of military action. >> we will do what is necessary to prevent iran from getting the world's worst weapons. >> will this story have a happy ending? >> this story will not have a happy ending. what we saw this week was barack obama at his best, connecting with an audience, and he made a compelling case for the need for a two-state solution, the security of israel and the well- being of the region. >> charles? >> the emphasis has been on personality.
. >> our budget plan reduces the deficit without raising taxes. >> the republican plan is the same baby with a new diaper. >> we know that until recently president obama and israeli prime minister netanyahu enjoyed what can be politely described as a somewhat strained relationship. on april 7 of last year, the "new york times" reported benjamin netanyahu and mitt romney enjoyed a warm relationship. almost one year later, the israelis have given obama a medal. they...
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Mar 22, 2013
03/13
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city officials project 1 billion dollar deficit next year. the closures will save chicago $560 million the next decade. >> whether you do this, mike, in chamucla, florida, or chicago, illinois, this is always excruciating tough for parents and kids, but you got to do it if you're going to keep the budget. >> you have to do it to same some semblance of sanity for a big city like that but you get into where are the displaced kids going to go to schools when the schools are closed? are they going to be bussed? most parents would like their kids to go to a neighborhood school and what happens then? that a huge burden for the mayor now. >> totally. sequestration is complicating it even more. we just did a report that head start across the country is facing these exact challenges and cutting school days and not accepting kids and randomly dropping kids from the program and a disadvantage for kids in that economic status. >> you look at the regional and local papers across the country you see endless stories like this. you look at the national progr
city officials project 1 billion dollar deficit next year. the closures will save chicago $560 million the next decade. >> whether you do this, mike, in chamucla, florida, or chicago, illinois, this is always excruciating tough for parents and kids, but you got to do it if you're going to keep the budget. >> you have to do it to same some semblance of sanity for a big city like that but you get into where are the displaced kids going to go to schools when the schools are closed? are...